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RedStone Overview
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About RedStone
What is RedStone (RED)? RedStone (RED) is the native utility token of RedStone, a decentralised oracle network that provides scalable, cost-efficient, and customisable data feeds for blockchain applications. It enables smart contracts to access accurate and frequently updated data across multiple ecosystems, including Ethereum Virtual Machine (EVM) and non-EVM chains.
RedStone provides three distinct oracle models for data delivery:
Push Model - Data is stored on-chain and updated periodically. - Ensures constant availability and full control over update conditions. - Suitable for applications that require persistent on-chain data.
Pull Model - Data is fetched on-demand and included in user transactions. - Reduces gas costs and storage overhead compared to on-chain models. - Designed for low-latency applications, such as liquidations and trading.
Hybrid Model (ERC-7412 Standard) - Combines Push and Pull models, allowing applications to fetch data while maintaining an on-chain record. - Used for cost-efficiency and security, particularly in DeFi and financial applications.
Each model is designed for different use cases, ensuring flexibility and reliability.
RED is the core utility token of the RedStone network, supporting:
Staking & Economic Security - Data providers stake RED tokens to ensure data accuracy and reliability. - RED holders can stake to support the network, contributing to oracle security. - Stakers receive rewards in assets such as ETH, BTC, SOL, and USDC.
Payment for Oracle Services - Projects using RedStone pay for data feeds in various assets. - Payments are distributed to stakers and data providers.
Governance & Network Participation - Future governance mechanisms may allow RED holders to influence network upgrades and fee structures.
Multi-Chain Compatibility - Supports over 70 blockchains, including Ethereum, Arbitrum, Optimism, Polygon, Avalanche, Fuel, and Starknet. - Enables cross-chain data access.
Customisable Data Feeds RedStone provides specialised financial data, including: - Liquid Restaking Token (LRT) feeds. - Bitcoin DeFi (BTCFi) derivatives. - Traditional financial data (ETF prices, institutional rates). ### Security & Data Verification - Multi-source aggregation filters manipulated or unreliable data. - Cryptographic signatures ensure data authenticity. - Decentralised node infrastructure prevents single points of failure. ---
RedStone was co-founded by:
Marcin Kazmierczak (Co-Founder) Alex Suvorov (Co-Founder) Jakub Wojciechowski (Co-Founder)
Multi-Layered Data Validation RedStone validates data through: - Median-Based Aggregation – Reduces the impact of manipulated prices. - Time-Weighted Average Price (TWAP) – Filters short-term price anomalies. - Liquidity-Weighted Average Price (LWAP) – Ensures pricing accuracy for lower-liquidity assets.
Cryptographic Data Signing - Every data feed is signed cryptographically to verify authenticity. - On-chain verification ensures data sources remain tamper-resistant.
Redundant Data Sources - Data is pulled from centralised exchanges (Binance, Coinbase), decentralised exchanges (Uniswap, Curve), and aggregators (CoinMarketCap, Kaiko). - Ensures high uptime and minimised risk of incorrect pricing.
RedStone Markets
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RedStone Market Data
The live RedStone price today is $0.11 USD with a 24-hour trading volume of $291,685.40 USD. We update our RED to USD price in real-time. RedStone is down 0.08% in the last 24 hours.
The current market cap is $64,204,962.44 USD, ranking #2191 by market capitalization. The circulating supply is 597,000,000 RED.